Buying Gold Coin in Malaysia as an Investment Is it Worth it? |
Posted: November 22, 2019 |
A very satisfying, secure and solid investment would be purchasing the gold coin in Malaysia. Going to a gold shop or visiting an authentic online store and coming out with a small paper bag of gold coins is a satisfying and gratifying investment. The tech geeks might think it’s crazy to buy gold coins as an investment, but this traditional money-making method is still prevalent and very much popular among the business-classes. Let’s get into a detailed discussion about the advantages and disadvantages of buying gold coin in Malaysia as an investment. Advantages of buying gold coins Gold and silver are the main metals that have been a part of traditional investments. That’s because there are several advantages. Gold prices spike up, even when other investments are going down. Thus hoarding gold is a stabilizing factor and helps to keep your financial status quo stable. The hard metal gold is bulwark countering inflation. Buy as much gold coins you like, but you won’t be overburdened with taxes until you sell it off! You can keep gold coin investments a secret – no one would know it, unless you disclose it! In many countries, when financial emergencies made life difficult and currency devaluation crippled the economy, people used gold and silver to buy and sell. It might sound crazy to the Millennial, but such things had happened in the past and gold was the saviour all along! Disadvantages – Why you shouldn’t buy Gold Coins Beware of thieves breaking into your house and looting you of the treasure. If you compare to bonds and stocks, which are used as company growth investments, the tangible gold is not an investment as such – the reason being, it won’t get you interests or dividends. One has to wait for a long time for the valuation of gold to go up and only then can you reap the sweet benefits of this traditional investment. Purchasing and preserving gold coins Want to buy genuine gold coin in Malaysia, then always go for a reputed and renowned dealer or financial establishment. Buying gold randomly from here and there might be unsafe, as you might get into some fraud or scam. Also, while making a purchase it’s advisable to get the authenticity of the gold metal checked and verified by a professional. People are scammed by fraudsters who sell gold-plated lead coins as ‘gold coins’. It’s difficult to differentiate the original metal from the fake one and that’s the reason why wise investors always seek authentication certificates and also verify whether the certificate is genuine or not. Better to be careful, than to be fooled by a fraudster. Collector and bullion coins When you are shopping for gold coins, you will find collector coins, also known as numismatic coins and the bullion coins – which is a popular choice. The collector coins are sold at a higher premium and the prices of the coins vary on many factors. Unless you have knowledge about collector gold coins, don’t buy them. Stick to the bullion coins! It’s a sheer pleasure when you get to touch these coins, but to preserve the gold coins don’t touch it so often. Place the coins in cases so that the coins are free from scratches and fingerprints. Gold coins are exquisite and it should be preserved in beautiful cases! It’s not advisable to hide gold coins in your house, unless you have a password locked safe! Thieves are clever nowadays and would hunt the entire apartment to get to the treasure. Some thieves even carry a metal detector with them. If you don’t have a safe at home, then invest some money and get safe rented at the bank to keep your valuables along with the gold coins. Gold coin investments Many people buy gold coins with the IRA and the administrator keeps the gold safe. They don’t take the gold coins home. The only thing is that the coins need to meet the purity standards and qualify for the IRA (Individual Retirement Arrangement) investment. Anyone can invest in gold and not get that home. It can be done by purchasing gold certificates, gold mining stocks, and trade-exchange products and so on. The advantage is – you gain gold’s hedge countering the inflation, even if you are not lugging gold coins everywhere and stressing where to keep them safe and secure! So, investing in gold coin is never a wrong move. It’s a smart move! So, be smart and shop at the best place to buy authentic gold coin in Malaysia.
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